Global CRISPR Technology Market valued approximately USD 449.6 million in 2017 is anticipated to grow with a healthy growth rate of more than 25 % over the forecast period 2018-2025. Increasing availability of government and private funding and growing adoption of CRISPR technology are some key trends that are responsible for the wide adoption of CRISPR Technology globally. As per the Congressional Research Service (US), CRISPR-related research funding by National Institutes of Health (NIH) grew from $5.1 million in FY2011 to $603 million in FY2016, such high funding in the CRISPR has set the scientific foundation for advanced gene editing technologies such as CRISPR-CAS 9. Moreover, between the periods of 2006-2016 (FY) as per National Institute of Health (NIH) approximately $981 million was funded by the NIH for CRISPR related researches. Further in 2017, as per the Defense Advanced Research Projects Agency (DARPA), the DARPA has announced to invest $65 million over the course of next four years till 2021 in order to make CRISPR Gene Editing Safer and to counter bioterrorism threats. According to Pharmaceutical Research and Manufacturers of America (PhRMA), the biopharmaceutical R&D expenditure in the United States grew in 2014 was ~$53.5 billion which grew up-to $58.8 billion in 2015. Similarly, according to the Gov.UK in 2017, UK government recently opened its doors to develop drug discovery by investing around $7.16 million that would help businesses to meet and understand the challenges involved in developing drugs. By use of CRISPR, several drugs can be developed which can enhance the effectiveness and quality of medicines and vaccines available in the market for various blood disorders and heart diseases. As a result, the adoption of CRISPR technology would increase thereby, aiding the growth of the market. However, high cost associated with CRISPR technology and presence of alternative technologies are the major factors that impede the growth of global CRISPR Technology market.

On the basis of segmentation, the CRISPR technology market is segmented into product & services, application and end-users. The product & services segment of global CRISPR technology market is classified into CRISPR Products and CRISPR services of which CRISPR services segment is expected to emerge as the fastest growing segment. Based on application segment, the CRISPR technology market is diversified into biomedical applications, agricultural applications, industrial applications and biological research of which biomedical application segment holds the largest market share owing to the growing application in drug discovery applications. The end-user segment includes pharmaceutical and biopharmaceutical companies, biotechnology companies,
academic & research institutes and contract research organizations.

The regional analysis of CRISPR technology market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America have occupied major share in the global CRISPR Technology market. The major reasons for the dominance of North America are increasing government and private funding, the adoption of CRISPR in several applications and presence of major pharma and gene therapy companies. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing as China had registered nine clinical trials based on CRISPR-edited cells on various diseases such as HIV infection and cancers and ongoing researchers to support CRISPR technology.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

DUBAI, United Arab Emirates — Saudi Arabia said Wednesday that hip-hop star Nicki Minaj will perform in the ultraconservative kingdom as it sheds decades of restrictions on entertainment. The female rapper is known for her outlandish, provocative style and hits like "Anaconda," where she raps about her "big fat" backside. Her lyrics are often laced with profanities and her skin-bearing music videos often include twerking. Christian groups criticized her 2012 Grammy Awards performance, which included dancing priests and an exorcism. Saudi organizers announced she would be the headline act at the Jeddah World Fest on July 18. The concert, which...

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CAIRO — A prominent Egyptian militant wanted for scores of terror attacks in his country was handed over to Egypt on Wednesday by Libyan forces loyal to a commander pushing to take the capital of Tripoli and flown to Cairo. Egyptian TV networks aired footage of a blindfolded Hisham el-Ashmawi, a former army officer turned militant, landing in Cairo and being taken off a military plane. El-Ashmawi was captured last October in the Libyan city of Derna, a longtime bastion of Islamic militants, by commander Khalifa Hifter's self-styled Libyan National Army. Hifter's forces now are battling to take Tripoli, fighting...

DUBAI, United Arab Emirates — The Muslim holy month of Ramadan, with its long days of fasting and prayer meant to draw worshippers closer to God and away from worldly distractions, is being reshaped by technology. People in the Middle East spend close to 58 million more hours on Facebook during Ramadan and watch more YouTube videos — everything from beauty tips and recipes to sports and TV dramas — than any other time of the year, making the holy month not only the most important one for Muslims, but also the prime time of the year for advertisers. For...

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